According to Foresight News, Standard Chartered Hong Kong, BlackRock and Mastercard will jointly participate in the second phase of the "Digital Hong Kong Dollar" pilot program launched by the HKMA. The newly formed tripartite alliance will adopt an end-to-end approach to explore tokenized investment application cases.

This potential solution would allow investors to purchase tokenized assets and settle transactions directly from relevant asset managers through digital Hong Kong dollars or tokenized deposits.

Libeara, which was incubated by SC Ventures under Standard Chartered Group, will work with Standard Chartered Hong Kong and BlackRock to provide a platform to jointly promote the potential issuance of tokenized assets through Mastercard’s multi-token network.